About RxFunction
RxFunction is a company based in Minneapolis (United States) founded in 2010 by Lars Oddsson.. RxFunction has raised $39.95 million across 12 funding rounds from investors including HHS and Cedar Point Capital. RxFunction offers products and services including Walkasins. RxFunction operates in a competitive market with competitors including HyperIce, MedRhythms, Neocis, Fundamental Surgery and KT Tape, among others.
- Headquarter Minneapolis, United States
- Founders Lars Oddsson
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Rxfunction, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.95 M (USD)
in 12 rounds
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Latest Funding Round
$5 M (USD), Series B
Oct 27, 2022
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Investors
HHS
& 1 more
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Employee Count
Employee Count
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Products & Services of RxFunction
RxFunction offers a comprehensive portfolio of products and services, including Walkasins. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides tactile feedback to enhance balance for peripheral neuropathy patients.
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Funding Insights of RxFunction
RxFunction has successfully raised a total of $39.95M across 12 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series B — $5.0M
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First Round
First Round
(14 Sep 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series B - RxFunction | Valuation |
investors |
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| Jan, 2021 | Amount | Series B - RxFunction | Valuation |
investors |
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| Dec, 2020 | Amount | Series B - RxFunction | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RxFunction
RxFunction has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Cedar Point Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RxFunction
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RxFunction
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rxfunction Comparisons
Competitors of RxFunction
RxFunction operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HyperIce, MedRhythms, Neocis, Fundamental Surgery and KT Tape, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand offering smart devices for physical fitness
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| domain | founded_year | HQ Location |
Provider of wearable devices to combat neurological injuries and recover walking functions
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| domain | founded_year | HQ Location |
Robotic guidance systems for dental implantation surgeries are provided.
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| domain | founded_year | HQ Location |
AI-based surgical simulation is enabled via VR and haptics.
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| domain | founded_year | HQ Location |
Manufacturer of kinesiology tape and related recovery products. It offers a variety of tapes designed for different needs and activity levels, including options for sensitive skin and specific areas of the body. The product line also includes supporting items such as ice sleeves, pain relief gels, and blister prevention products. The company provides educational resources on proper application techniques and offers a mobile application for further support. The focus is on providing solutions for pain relief, muscle support, and recovery from injuries.
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| domain | founded_year | HQ Location |
Wearable tibial nerve stimulation device treats overactive bladder symptoms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rxfunction
Frequently Asked Questions about RxFunction
When was RxFunction founded?
RxFunction was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is RxFunction located?
RxFunction is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of RxFunction?
Mary Ernst Anderson is the current CEO of RxFunction.
Is RxFunction a funded company?
RxFunction is a funded company, having raised a total of $39.95M across 12 funding rounds to date. The company's 1st funding round was a Series B of $4M, raised on Sep 14, 2011.
What does RxFunction do?
RxFunction was founded in 2010 in Minneapolis, United States, and operates in the medical devices sector focused on balance technology. Wearable solutions for individuals with sensory peripheral neuropathy are created, including a leg unit with electronics and vibrating motors, paired with insoles that detect foot pressure. Real-time tactile cues are delivered to enhance balance and stability during daily activities.
Who are the top competitors of RxFunction?
RxFunction's top competitors include HyperIce, Fundamental Surgery and MedRhythms.
What products or services does RxFunction offer?
RxFunction offers Walkasins.
Who are RxFunction's investors?
RxFunction has 2 investors. Key investors include HHS, and Cedar Point Capital.